With its recent multi-million dollar investment in new equipment to expand internal production capabilities, Forgitron is on schedule to complete Phase Two of the company’s long-term growth strategy this year.
“As we continue to introduce new products, gain market share and enter new markets, it’s important that we continue to strengthen our internal resources, ” Todd Latouf, President of Forgitron Technologies, said in announcing the expansion. “Given today’s economy,” he added, “we’re pleased that this step forward also will create new jobs here in our Camden plant.”
Forgitron manufactures the industry’s brightest and strongest lightweight forged aluminum truck wheels, using its proprietary technology. With the addition of this new equipment, Forgitron brings another key manufacturing process — finished wheel machining in-house completing its plans to create the world’s most technologically advanced aluminum wheel manufacturing plant.
The investment is indicative of the long-term commitment Forgitron’s financial backers have to the company and the industry, Latouf noted. “They like the wheel business and are committed to helping us grow in the aluminum wheel segment, where we see the greatest opportunities. As we continue to meet our customers’ needs for aluminum wheels with superior strength, reduced weight and outstanding appearance, we will achieve our short- and long-term goals by continuing to focus on our fundamental mission – providing best-in-class aluminum wheels at competitive prices,” he said.
Longer term, Latouf says Forgitron’s Phase Three investment strategy is to add additional production lines in the Camden plant to boost wheel capacity in preparation for the industry upturn.
“When the recovery occurs,” Latouf says, “we’re in a great position to respond to customers’ needs. We own the land and facility here in Camden and we have the space to more than double our size as the market demands it.”